LETTER FROM THE EDITOR
Our Ethics Corner feature has generated some feedback, and this month we are revisiting the first case study we presented. As expected, there is room for differences of opinion on ethics questions.
In part, the growth of international membership in the MTA should guarantee some discussion on ethics. Laws differ among countries and cultural differences are greater than many assume. Perhaps the only undeniable truth in ethics is that people are not all alike. Different people hold different opinions, which is the underlying reason we have a market to trade.
While cultural differences must be considered in any situation, the Standards defined in the MTA Code of Ethics are mandatory for all members and affiliates. While there may be a less strict requirement defined in local laws at times, the Code of Ethics requires that the stricter rules of the Code must be the guide. Obviously if the law is stricter than the Code of Ethics, the Code does not offer an excuse for breaking the law.
We look forward to continuing discussions on ethics. It is important to our profession to hear as many opinions as possible. By understanding why some scenarios present “grey zones” we can make professional ethics stronger. Please send any comments to firstname.lastname@example.org.
Mike Carr, CMT
TWO BRIEF ESSAYS WITH A COMMON CONCLUSIONby George Rahal
These essays discuss discrepancies in modern portfolio theory (MPT) that can be resolved by technical analysis. In portfolio theory, asset classes’ correlations with other asset classes, their...
CHARLES HENRY DOWby George A. Schade, Jr., CMT
Charles Dow was born in Sterling, Connecticut, on November 6, 1851. He was first and foremost a newspaperman. When he was 21 years old, he apprenticed for six years at the Springfield, Massachusetts...
SPIRITED LATE BIDDING PUSHES MTAEF’s 3RD AUCTION OVER THE TOPby Bruce Kamich, CMT
For the third year, the Market Technicians Association Educational Foundation (www.mtaef.org) “Take an Analyst to Lunch or Dinner” was a success! Over the summer, a global collection of top-shelf...
WHY RSI MAY BE ONE OF THE BEST SHORT-TERM INDICATORSby Laurence Connors
This article was originally published in 2007, and was based on research involving 7,050,517 trades from Jan 1, 1995 to June 30, 2006. We applied a price and liquidity filter that required all stocks...
MAVERICK BY TRADERMADEby Michael Carr, CMT
Maverick is the charting platform available from TraderMade. This is an extremely versatile package, with full charting and trading functionality combined with a comprehensive news and analysis...
THE LAYMAN’S GUIDE TO TRADING STOCKS BY DAVE LANDRYby Michael Carr, CMT
This book, Dave Landry’s third, is a how-to guide for traders of all skill levels. It provides detailed and precise instructions on how to trade and analyze the markets, including enough...
INTERVIEW WITH DAVE LANDRYby Dave Landry & Amber Hestla-Barnhart
How would you describe your job? I trade my own personal accounts and have a retail and institutional consulting business. My 11 year old daughter described it the best: “My dad looks at charts all...
THE LITTLE BOOK OF TRADING BY MICHAEL COVELby Ajay G. Jani, CMT
Trend-following methods have been successfully utilized by generations of traders to build attractive return streams while reducing risk of catastrophic outcomes. Jesse Livermore, George Soros, John...
ETHICS CORNERby Michael Carr, CMT
In the September issue of Technically Speaking, we presented a case study where a CMT candidate stumbled upon information about a pending takeover while working in a part-time job that was unrelated...
β = 1 DOES A BETTER JOB THAN CALCULATED BETASby Pablo Fernández & Vicente J. Bermejo
Editor’s note: This article is a detailed look at an indicator traditionally used in fundamental analysis. It is also an exploration of an important part of technical analysis. As a measure of...
MTA SEEKING NEW HIRE: DIRECTOR, CMT STUDIES
The CMT Board of Governors (BoG) is pleased to announce the creation of the full time position of Director, CMT Studies. The immediate responsibility of this position is the development and...
New Educational Content This Month
October 22, 2021
Systematic Multiple Time Frame Investing
Presenter(s): Bill Kelleher, CMT, CFA
October 20, 2021
Volume Analysis Series (Part 3): Volume Analysis with Indexes
Presenter(s): Buff Dormeier, CMT
October 13, 2021
Understanding Market Internals to Identify Turning Points
Presenter(s): Mike Hurley, CMT